10 Firms Kick Off Shortened Trading Week With Impressive Gains

7. Bath & Body Works, Inc. (NYSE:BBWI)

Bath & Body Works, Inc. (NYSE:BBWI) saw its share prices rally for a fourth straight day, adding 9.68 percent to close at $40 each as investor optimism was fueled by JPMorgan’s upgraded rating for the company.

According to JPMorgan analysts, they raised BBWI’s stock rating to ‘overweight’ from ‘neutral’ previously and lifted the price target to $47 from $41, citing encouraging recent product launches and shrinking headwinds from post-pandemic levels.

In particular, the investment was bullish about BBWI’s recent partnership with Walt Disney Co. (NYSE:DIS), where a Disney Princess-inspired collection spanning 85 products across all categories, was launched both in online and physical stores.

According to the analyst, BBWI’s partnership could lead to an inflection on both top line and bottom line figures for the company.